Tax

News Release | Illinois PIRG Education Fund | Tax

Illinois Receives a “B-” in Annual Report on Transparency of Government Spending

Illinois received a “B-“ when it comes to government spending transparency, according to Following the Money 2012: How the States Rank on Providing Online Access to Government Spending Data, the third annual report of its kind by the Illinois PIRG Education Fund.

Report | Illinois PIRG Education Fund | Tax

Following the Money 2012

This report is Illinois PIRG Education Fund’s third annual ranking of states’ progress toward “Transparency 2.0” – a new standard of comprehensive, one-stop, one-click budget accountability and accessibility.

Media Hit | Tax

We want our money back

Good-governance groups are fighting back against companies that take state subsidies and then head out of town.

"PIRG Releases report on TIF in Chicago"

By | Celeste Meiffren
Field Director

Our friends at Good Jobs First, the national leader in research on the impact of economic subsidies, blogged about our new report on tax increment financing (TIF) in Chicago...

Will Rahm's TIF reforms go far enough?

By | Celeste Meiffren
Field Director

Yesterday, Mayor Rahm Emanuel announced that he will be immediately implementing some of the reforms proposed by his Tax Increment Financing (TIF) Reform Panel five months ago. All of the proposed reforms are necessary to fix TIF and need to become law before more of our tax dollars are wasted.

News Release | Illinois PIRG | Tax

Progress Report: Promised Reforms to Protect Chicago Tax Dollars ‘Incomplete’

 

Yesterday, Mayor Rahm Emanuel announced that he will be immediately implementing some of the reforms proposed by his TIF Reform Panel five months ago. Today, watchdog group Illinois PIRG released a report on the need to fix TIF and called for all of the Mayor’s recommendations to become law.

 

Report | Illinois PIRG Education Fund | Tax

Cleaning Up Tax Increment Financing

 

Every year, $500 million worth of property tax revenue collected in Chicago flows into funding pools shielded from public scrutiny and democratic control—the bank accounts of the city’s Tax-Increment Financing (TIF) districts.  That money—10 percent of Chicago’s annual property tax revenue—is intended to promote development in struggling areas of the city, but the fashion in which it has been handled in the past—without full transparency, democratic oversight, or accountability for the recipients of funds—has opened the door to misuse of public money.

 

Tax Dollars And Sense

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“Public Benefits Clauses” A symptom of a bigger problem

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Tax

.... the more they stay the same.

The Chicago Tribune reports that Mayor Emanuel is taking a page out of Mayor Daley's playbook by not providing public records (government cellphone bills and emails, specifically)  that the Tribune requested by claiming that "providing them is unduly burdensome."

No one likes getting traffic tickets. But a new research that we released today will make you dislike them even more.

'Tis the season to... fill gaping budget deficits.

Cook County is facing a budget deficit of $315 million, and Cook County Board President Toni Preckwinkle unveiled her plan to fill it yesterday.

Our nation faces enormous fiscal challenges. As part of the deal that was recently struck to raise America’s debt ceiling, Congress established a new Joint Select Committee on Deficit Reduction to narrow the total budget gap by $1.5 trillion over the next decade. This “Super Committee” must report its findings by Thanksgiving, and if a majority of its 12 members support its conclusions, both houses of Congress will consider the resulting legislation under expedited procedures by December 23, 2011.

I am in the process of rereading "Boss," the hard-hitting biography of Richard J. Daley that chronicles his rise to power, written by renowned journalist Mike Royko. It's a captivating read, and I highly recommend it.

The part I read yesterday takes place after Daley got sworn into office (1955), and is figuring out how to gain as much power and influence as possible to secure his 20+ year rein. His first step was to convince the Republican legislators down in Springfield to help him increase the sales tax and a create a new utility tax. Then, once the money starts pouring in, it gets interesting.

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Featured Post

“Public Benefits Clauses” A symptom of a bigger problem

Case Study: Republic Windows and Doors

By | Celeste Meiffren
Field Director

Every week, Tax Dollars and Sense offers a case study to analyze the problems with TIF. This week we will look at the Republic Windows and Doors project within the Goose Island TIF District.

Case Study: The Central Loop TIF District

By | Celeste Meiffren
Field Director

Every week, Tax Dollars and Sense will offer a case study to analyze the problems with TIF. This series will start with the most famous TIF district-- the Central Loop.

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